ARM Holdings (LON:ARM)‘s stock had its “overweight” rating restated by investment analysts at Barclays in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 1,125 ($18.45) price objective on the stock. Barclays’ price objective would indicate a potential upside of 4.29% from the company’s current price.
ARM Holdings (LON:ARM) opened at 1074.1801 on Tuesday. ARM Holdings has a 52 week low of GBX 752.00 and a 52 week high of GBX 1112.00. The stock has a 50-day moving average of GBX 1030. and a 200-day moving average of GBX 946.4. The company’s market cap is £15.022 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 1,150 ($18.86) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of ARM Holdings in a research note to investors on Monday. They now have a GBX 590 ($9.68) price target on the stock. Finally, analysts at BMO Capital Markets downgraded shares of ARM Holdings to a “market perform” rating in a research note to investors on Friday. They now have a GBX 1,150 ($18.86) price target on the stock. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 769.50 ($12.62).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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